The final nail is in the coffin for Fortunoff. The sale will continue until all merchandise is liquidated. So, what was Fortunoff’s downfall? I believe it was an ill-defined brand. Being known as they were for such varied merchandise as jewelry, home furnishings and outdoor furniture, Fortunoff’s model was one of a specialty department store, […]
Sad to say, there is no surprise here. What is frightening is the number of power center vacancies due to the recent liquidations: Goody’s, Linens ‘N Things and now Circuit City. And are there any growing specialty box tenants to take their place?